Underperforming: The research house expects higher marketing expenses to be a recurring theme for the next few quarters as Karex continues to scale up its OBM segment.
PETALING JAYA: Karex Bhd
’s second quarter results for financial year 2017 is expected to be flat on the back of higher ramp-up costs in its own-brand manufacturing (OBM) segment.
Affin Hwang Capital Research said it expected the quarter’s core earnings to range from RM7mil to RM9mil after taking into account higher listing fees for product placements, marketing expenses for brand awareness improvements and raw material prices due to the rally in natural rubber price.
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